Electricity Rates in Prior lake, MN
Residents of Prior lake, MN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 3 electricity providers, with Dakota Electric Association being the largest.
Electricity Providers in Prior lake
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Dakota Electric Association | 14.0¢/kWh | 10.0¢/kWh | Cooperative |
| Minnesota Valley Electric Coop | 14.0¢/kWh | 11.0¢/kWh | Cooperative |
| Northern States Power Co - Minnesota | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Prior lake
At 15.0¢/kWh, a typical Prior lake household spends approximately $1594.80/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Prior lake
Charging an electric vehicle at home in Prior lake costs approximately $135.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Minnesota
Frequently Asked Questions
What is the average electricity rate in Prior lake, MN?
The average residential electricity rate in Prior lake, MN is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Prior lake?
Prior lake is served by 3 electricity providers. Dakota Electric Association is the largest provider in the area, though rates and availability vary by specific address.
How do Prior lake electricity rates compare to the rest of Minnesota?
Prior lake's average rate of 15.0¢/kWh is close to the Minnesota state average of 15.0¢/kWh. Rates are typical for the region.